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icbc

LockBit says it got ransom payment from ICBC over hack that hit US Treasury market

by Walter Watson
LockBit says it got ransom payment from ICBC over hack that hit US Treasury market

China’s biggest lender, the Industrial and Commercial Bank of China, paid a ransom after it was hacked last week, a LockBit ransomware gang representative said on Monday in a statement …

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Cyberattack on Australian ports in Sydney, Melbourne threaten supply chains as interruption ‘to continue for days’

by Walter Watson
Cyberattack on Australian ports in Sydney, Melbourne threaten supply chains as interruption ‘to continue for days’

The Australian Federal Police said on Sunday they were investigating a cybersecurity incident that forced ports operator DP World Australia to suspend operations at ports in several states. “We’ve commenced …

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ICBC pumps funds into US unit after ransomware attack to pay US$9 billion for unsettled trades, hires cybersecurity firm

by Anas Siddiqui
ICBC pumps funds into US unit after ransomware attack to pay US billion for unsettled trades, hires cybersecurity firm

ICBC’s US unit told market participants on Friday it was hoping to finish the cyber review over the weekend, but the sources said they expected it would spill into next …

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Ransomware attack on Industrial and Commercial Bank of China disrupts US Treasury market trades

by Walter Watson
Ransomware attack on Industrial and Commercial Bank of China disrupts US Treasury market trades

Ransomware attack on Industrial and Commercial Bank of China disrupts US Treasury market trades A ransomware attack on Industrial and Commercial Bank of China (ICBC) disrupted some trades in the …

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Chinese banks’ asset quality remains stable but interest margin pressures to continue : analysts

by Anas Siddiqui
Chinese banks’ asset quality remains stable but interest margin pressures to continue : analysts

Chinese banks will continue to grapple with interest margin pressures in the fourth quarter of 2023, analysts said, after the sector reported lacklustre earnings in the nine months ended September …

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